First Advantage Announces Pricing of Secondary Offering of Common Stock

The secondary sale raises no capital for First Advantage, with all proceeds going to the selling stockholder.

Rhea-AI Summary

First Advantage (NASDAQ: FA) announced pricing of a secondary offering of 15,000,000 common shares by Silver Lake-affiliated investment funds.

The public offering price is $21.80 per share. First Advantage is not selling shares and will receive no proceeds; all proceeds go to the selling stockholder. The offering is expected to close on or about November 12, 2026, subject to customary closing conditions. Barclays Capital and J.P. Morgan Securities are the underwriters.

Argus 15 min delay 7 alerts

-7.36% vs previous close $21.79 last price 0.0x rel. volume Open Argus

Details

Market move: FA -7.36% vs previous close. 15M-share secondary offering

$21.79 – $22.98 Day Range

$3.75B Mkt Cap at Last Price

On Nov 10, the day this news came out, the latest delayed price for FA is 7.36% below the previous close. Our momentum scanner has recorded 7 alerts for this stock so far that day. The latest delayed price is $21.79.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Shares offered: 15,000,000 shares Offering price: $21.80 per share Expected closing: November 12, 2026

Shares offered

15,000,000 shares

Secondary offering by the selling stockholder

Offering price

$21.80 per share

Price to the public

Expected closing

November 12, 2026

Expected close, subject to customary closing conditions

Previous Offering Reports

1 past event · Latest: Aug 11

Same Type 1 event

1. Aug 11

   Secondary offering

   24h Move

   -10.3%

   Silver Lake priced 12.5 million shares at $22.20; First Advantage received no proceeds.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten secondary offering, form s-3, prospectus supplement

3 terms

underwritten secondary offering financial

"pricing of the previously announced underwritten secondary offering"

An underwritten secondary offering is when existing shareholders sell a block of already-issued shares and an investment bank agrees to buy and resell them to the public, guaranteeing the sale will go through. Think of it as a store owner pre-selling a large shipment to a wholesaler who then sells it to customers; for investors, it can increase the number of shares available, affect short-term price pressure, and signal that insiders are taking profits or diversifying holdings.

form s-3 regulatory

"A registration statement on Form S-3 relating to these securities"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"made only by means of a prospectus supplement and accompanying prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, Nov. 10, 2026 (GLOBE NEWSWIRE) -- First Advantage Corporation (“First Advantage”) (NASDAQ: FA), a global software and data company providing comprehensive, end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring, today announced the pricing of the previously announced underwritten secondary offering by certain investment funds of Silver Lake Group, L.L.C. and its affiliates (the “Selling Stockholder”) of 15,000,000 shares of common stock of First Advantage pursuant to a registration statement filed by First Advantage with the U.S. Securities and Exchange Commission (the “SEC”), at a price to the public of $21.80 per share. First Advantage is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholder. The Selling Stockholder will receive all of the proceeds from this offering. The offering is expected to close on or about November 12, 2026, subject to customary closing conditions.

Barclays Capital Inc. and J.P. Morgan Securities LLC are acting as the underwriters for the offering. A registration statement on Form S-3 relating to these securities has been filed with the SEC and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus may be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by e-mail at barclaysprospectus@broadridge.com or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by e-mail at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. You may also obtain these and the other documents referred to above for free by visiting the SEC’s website at www.sec.gov.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our industry, business strategy, goals, and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources, and other financial and operating information. In some cases, you can identify these forward-looking statements by the use of words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” “target,” “guidance,” the negative version of these words, or similar terms and phrases.

These forward-looking statements are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Such risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described under the heading “Risk Factors” included in First Advantage’s registration statement relating to the securities described herein, in First Advantage’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent filings with the SEC. Such factors may be updated from time to time in our filings with the SEC, which are or will be accessible on the SEC’s website at www.sec.gov. The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law.

About First Advantage

First Advantage (NASDAQ: FA) is a global software and data company. We provide comprehensive, end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring. Combining AI-powered proprietary technology platforms with proprietary data, primary source data, and third-party data, we help organizations hire with confidence and manage risk across the entire employee lifecycle. With over 80,000 customers worldwide – including approximately two-thirds of the Fortune 100 – we deliver fast, comprehensive and reliable solutions for employers, their candidates, and their employees. We conduct more than 200 million screens annually across over 200 countries and territories, supported by our verticalized go-to-market strategy, decades of experience, and proprietary databases containing over 1 billion records.

Investor Contact

Stephanie Gorman
Vice President, Investor Relations
Investors@fadv.com
(678) 868-4151

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many First Advantage shares are being sold in the secondary offering, and at what price?

Silver Lake-affiliated investment funds are selling 15,000,000 common shares at a public offering price of $21.80 per share. First Advantage is not selling any shares and will receive no proceeds.

When is First Advantage's secondary offering expected to close?

The offering is expected to close on or about November 12, 2026, subject to customary closing conditions.